BSE:500142

Stock Analysis Report

Executive Summary

FGP Limited engages in the provision of business center facilities in Mumbai, India.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Share Price & News

How has FGP's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-16.9%

500142

6.2%

IN Real Estate

3.9%

IN Market


1 Year Return

-36.8%

500142

19.5%

IN Real Estate

6.0%

IN Market

Return vs Industry: 500142 underperformed the Indian Real Estate industry which returned 19.5% over the past year.

Return vs Market: 500142 underperformed the Indian Market which returned 6% over the past year.


Shareholder returns

500142IndustryMarket
7 Day-16.9%6.2%3.9%
30 Day-18.8%2.6%7.8%
90 Day-60.0%-4.4%2.5%
1 Year-36.8%-36.8%20.3%19.5%8.2%6.0%
3 Year-53.0%-53.0%27.6%25.1%23.0%16.7%
5 Year-63.4%-63.4%43.6%38.3%43.5%30.0%

Price Volatility Vs. Market

How volatile is FGP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is FGP undervalued compared to its fair value and its price relative to the market?

4.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 500142 (₹1.08) is trading below our estimate of fair value (₹1.14)

Significantly Undervalued: 500142 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 500142 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: 500142 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 500142's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500142 is good value based on its PB Ratio (0.3x) compared to the IN Real Estate industry average (0.7x).


Next Steps

Future Growth

How is FGP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FGP has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has FGP performed over the past 5 years?

63.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 500142 is unprofitable, but has reduced losses over the past 5 years at a rate of 63.6% per year.

Accelerating Growth: Unable to compare 500142's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500142 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-1.3%).


Return on Equity

High ROE: 500142 has a negative Return on Equity (-1.41%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 500142 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 500142 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is FGP's financial position?


Financial Position Analysis

Short Term Liabilities: 500142's short term assets (₹43.3M) exceeds its short term liabilities (₹1.9M)

Long Term Liabilities: 500142's short term assets (43.3M) exceeds its long term liabilities (240.0)


Debt to Equity History and Analysis

Debt Level: 500142 is debt free.

Reducing Debt: 500142 has not had any debt for past 5 years.


Balance Sheet

Inventory Level: 500142 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 500142's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 500142 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 500142 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 87.4% per year.


Next Steps

Dividend

What is FGP's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.4%industryaverage0.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 500142's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 500142's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 500142's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500142's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500142's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of FGP's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Kishore Shete (72yo)

1.7yrs

Tenure

₹820,356

Compensation

Mr. Kishore Chandrakant Shete served as the Chief Financial Officer of FGP Ltd. from May 28, 2015 to May 27, 2016. Mr. Shete served as a Compliance Officer at FGP Ltd. until November 11, 2014. Mr. Shete se ...


CEO Compensation Analysis

Compensation vs. Market: Kishore's total compensation ($USD11.54K) is too low to compare against companies of similar size in the Indian market ($USD29.55K).

Compensation vs Earnings: Kishore's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.7yrs

Average Tenure

Experienced Management: 500142's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

5.2yrs

Average Tenure

72yo

Average Age

Experienced Board: 500142's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kishore Shete (72yo)

    Whole Time Director

    • Tenure: 1.7yrs
    • Compensation: ₹820.36k
  • Rajesh Desai

    Chief Financial Officer

    • Tenure: 1.9yrs
    • Compensation: ₹894.00k
  • Manish Tiwary

    Company Secretary & Compliance Officer

    • Tenure: 0.2yrs

Board Members

  • Hari Narain Rajpoot (62yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹26.00k
  • Kishore Shete (72yo)

    Whole Time Director

    • Tenure: 1.7yrs
    • Compensation: ₹820.36k
  • H. Dalal (73yo)

    Non-Executive Independent Director

    • Tenure: 6.1yrs
    • Compensation: ₹26.00k
  • Prem Kapil (73yo)

    Non-Executive

    • Tenure: 5.2yrs
    • Compensation: ₹22.00k
  • Dhanshree Gandhi (31yo)

    Additional and Independent Director

    • Tenure: 0.4yrs
  • Rajesh Shirambekar

    Additional and Independent Director

    • Tenure: 0.2yrs

Company Information

FGP Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FGP Limited
  • Ticker: 500142
  • Exchange: BSE
  • Founded: 1962
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: ₹12.847m
  • Shares outstanding: 11.90m
  • Website: https://www.fgpltd.in

Number of Employees


Location

  • FGP Limited
  • Commercial Union House
  • 9, Wallace Street
  • Mumbai
  • Maharashtra
  • 400001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500142BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 1997

Biography

FGP Limited engages in the provision of business center facilities in Mumbai, India. It provides office space to the corporate customers. The company was incorporated in 1962 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 12:36
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.